Criteo (NASDAQ:CRTO) Price Target Cut to $36.00 by Analysts at Susquehanna

Criteo (NASDAQ:CRTO - Free Report) had its price objective lowered by Susquehanna from $50.00 to $36.00 in a research report released on Thursday, Benzinga reports. The brokerage currently has a neutral rating on the information services provider's stock.

Other analysts have also recently issued research reports about the company. Wells Fargo & Company assumed coverage on Criteo in a report on Monday. They issued an "overweight" rating and a $70.00 price target on the stock. Benchmark reaffirmed a "buy" rating and issued a $56.00 price target on shares of Criteo in a report on Thursday, October 10th. StockNews.com cut Criteo from a "strong-buy" rating to a "buy" rating in a report on Wednesday, August 21st. Macquarie raised their price target on Criteo from $45.00 to $65.00 and gave the company an "outperform" rating in a report on Friday, August 2nd. Finally, KeyCorp cut Criteo from an "overweight" rating to a "sector weight" rating in a report on Tuesday, July 30th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $51.22.

Criteo Stock Up 0.3 %

CRTO traded up $0.09 during trading on Thursday, reaching $33.68. 982,847 shares of the company were exchanged, compared to its average volume of 362,806. The company's 50-day moving average is $42.60 and its two-hundred day moving average is $40.71. The company has a market cap of $1.91 billion, a price-to-earnings ratio of 34.51 and a beta of 0.99. Criteo has a 12-month low of $22.10 and a 12-month high of $49.93.

Criteo (NASDAQ:CRTO - Get Free Report) last issued its quarterly earnings data on Thursday, August 1st. The information services provider reported $1.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.77 by $0.31. Criteo had a return on equity of 15.64% and a net margin of 4.54%. The business had revenue of $471.31 million for the quarter, compared to analysts' expectations of $263.64 million. During the same quarter in the prior year, the firm posted $0.12 EPS. The firm's quarterly revenue was up .5% on a year-over-year basis. Equities analysts forecast that Criteo will post 2.8 earnings per share for the current year.

Insider Activity at Criteo

In related news, CFO Sarah Js Glickman sold 5,442 shares of the firm's stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $40.60, for a total transaction of $220,945.20. Following the transaction, the chief financial officer now directly owns 313,398 shares of the company's stock, valued at approximately $12,723,958.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, insider Brian Gleason sold 2,841 shares of Criteo stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $41.10, for a total value of $116,765.10. Following the sale, the insider now directly owns 146,470 shares in the company, valued at approximately $6,019,917. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Sarah Js Glickman sold 5,442 shares of Criteo stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $40.60, for a total value of $220,945.20. Following the completion of the sale, the chief financial officer now owns 313,398 shares in the company, valued at approximately $12,723,958.80. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.71% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Alpha DNA Investment Management LLC purchased a new position in shares of Criteo in the 2nd quarter valued at approximately $473,000. Lord Abbett & CO. LLC lifted its stake in shares of Criteo by 3.5% in the 1st quarter. Lord Abbett & CO. LLC now owns 1,100,902 shares of the information services provider's stock valued at $38,608,000 after purchasing an additional 37,364 shares during the period. Inspire Investing LLC purchased a new position in shares of Criteo in the 2nd quarter valued at approximately $819,000. SG Americas Securities LLC purchased a new position in shares of Criteo in the 2nd quarter valued at approximately $248,000. Finally, BNP Paribas Financial Markets lifted its stake in shares of Criteo by 23.3% in the 1st quarter. BNP Paribas Financial Markets now owns 200,011 shares of the information services provider's stock valued at $7,014,000 after purchasing an additional 37,844 shares during the period. Hedge funds and other institutional investors own 94.27% of the company's stock.

Criteo Company Profile

Criteo SA, a technology company, provides marketing and monetization services on the open Internet in North and South America, Europe, the Middle East, Africa, and the Asia-Pacific. The company's Criteo Shopper Graph, which derives clients' proprietary commerce data, such as transaction activity on their digital properties.